Los Angeles daily herald. [microfilm reel] (Los Angeles [Calif.]) 1884-1890, 1887-12-18

people have learned something.
Railway Age.
Tho EIiss0uyi Pacific.
The Missouri Pacific Railroad has
d lring tie past season, extended III
line 800 miles directly vest to Pueblo
Colorado, and it has been but a few
da, since trains commenced runniu
into that city. This extension give,
the company q direct line from st
Louis to Pueblo through Central Mis-
souri, and Kansas. At Pueblo con
nection s made with the Denver an,
Rio Grande, and "a traffic arrange
ment has been made with that line >,
that the Missouri Pacific road car
eeni both passenger and freigh
traffic to all p ,ints il Colorado and ar
far west az Ogden.
With u third rail laid from Puebl'
to ogden on the Denver and Hi
Grande, the Missouri Pacific will have
a through line from st. Louis t.
Ogden, a feat which only the Santa
Fe is likely to rival when it gets thu
Chicago, Santa Fe and california lin,
in running order. A third rail ha.
already been laid from Pueblo through
Salida to Leadville, and branch lIut
with a third rail is being extended
west from Leadvile through Rel
Cliff to Glenwood Springs, thence to
Grand junction to conn 'ctinn with
the M lin line that runs from Saliia
over Mar-hail's Pass to Grand juno
ton. The latter part Of the road, Oh.
account of the mountainous country.
makes u broad gauge inipracticahle.
SO AZ already mentioned, this diff
Guilty is to be overcome by laying a
third rail north of the Marsh i Pass
country through Led,!ville and Glen
wood Springs. On portions of the
! Dad in Utah third rail is now heing
| ut down, and the prospects, are that
, cry soon third rail will slietch
from Ogden to Pueblo.
An ssAir of Mystery.''
The San Francisco Examiner con-
tanned the following in its issue of the
10Th.
"There is an air of mystery abou'
the Santa Fe offices and the atnios
phere is filed 9th ruinOr5 concerning
changes inihe system of management
One thing Is certai.,--there will he 81
new General Manager oil the Calf
fornia Southern and California Central
railroads about the first oil the new
year. A report has reached here that
John Ii. Scott, at present Gent raj
of the Atlantic and
Pacific road, will be the new Gene raj
Manager. This report is confirmed,
TO certain extent, although at the
office in this city nothing definite
could be learned.
1.-The two roads above named will
also be considered under one manage
ment, hut still have separate names. :"
There h - been no '.air oil mystery
about the matter at all.
1t has been the talk of railroad men
for -one time. MIR. }. N. Victor, the
General Superintendent, announced
his determination some two months
ago TO resign, stating that he wanted
q rest, and he has ouly been waiting
for the companies named to find
person for the place. A.
far as bringing the two roads under
enc management it is not ',etessary TO
state that such is and has been for
u long time the care. a prominent
official stated to the HERALD's repre-
Yesterday that he did not
believe that Mr.. Scott would be the
man selected to fill the vacancy. The
gentleman has not yet been selected
and MIR. Victor, i'll the meantisne,
is working under protest.
a Road to be Reorganized.
At a meeting of the general mort
gage bondholders OF the Houston and
Texas Central Railroad, hell in New
York on the 18th, nearly 81 ,000, 00O in
bonds were represented.
The Committee OF Bondholders sub
mittee an agreement entered into by
the committee ON the part OF the
with the Southern Pa
cific Company for the purpose OF ef-
fecting IL reorganization.
By a unanimous vote the agree
ment was ratified. 1t embraces Il
plan OF reorganiz ,tion by which all
existing mortgages, with the possible
exception of those upon the Waco and
Northwestern divisions, are TO he fore
closed and new company organized,
which shall acquire all the property
and franchises of the present COM
pany and thereafter issue new bonds
equal in amount to the principal of
first mortgage, CONSOLE
dated mortgage and general mortgage
bonds. The first mortgage bonds are
to run fifty years from July |, 1887. at
5 per cent interest guaranteed by the
Southern Pacific Company.
A syndicate will be formed If neces-
sary for the purpose Of ia .ilitating the
of the outstanding bends
and carrying on the plan OF organza-
ton.
.Waot Lower Rates.
It is stated that California fruit
growers will make another combined
demand for lower freight rates 10 the
East. The $685. rate to New York
charged by the different companies